Civic Intelligence

Hero Homes Inc.

990 • Fiscal year 2022 • EIN 47-4332276

Jan 01, 2022 to Dec 31, 2022 • Filed on Oct 25, 2023

125 Hirst Road Suite 3CPurcellville, VA 20132

(703) 297-9135

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

31st percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

9th percentile

-42%

Higher net margin than 9% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

4th percentile

-42%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

88th percentile

94%

Faster revenue growth than 88% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Down

$487,459

Down $352,589 (-42%) from 2021

Net Assets

Down

$487,459

Down $352,589 (-42%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue

Up

$831,488

Up $403,319 (+94%) from 2021

Expenses

Up

$1,184,077

Up $959,744 (+428%) from 2021

Net Income

Down

-$352,589

Down $556,425 (-273%) from 2021

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2017: $299,300Liabilities 2017: $110,000Net Assets 2017: $189,3002017Assets 2018: $241,826Liabilities 2018: $0Net Assets 2018: $241,8262018Assets 2019: $527,276Liabilities 2019: $0Net Assets 2019: $527,2762019Assets 2020: $636,212Liabilities 2020: $0Net Assets 2020: $636,2122020Assets 2021: $840,048Liabilities 2021: $0Net Assets 2021: $840,0482021Assets 2022: $487,459Liabilities 2022: $0Net Assets 2022: $487,4592022Assets 2024: $721,986Liabilities 2024: $0Net Assets 2024: $721,9862024

Highlighted filing

2022

Assets$487,459
Liabilities$0
Net Assets$487,459

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2017: $576,762Expenses 2017: $949,860Net Income 2017: -$373,0982017Revenue 2018: $261,117Expenses 2018: $208,591Net Income 2018: $52,5262018Revenue 2019: $416,345Expenses 2019: $130,895Net Income 2019: $285,4502019Revenue 2020: $117,594Expenses 2020: $8,658Net Income 2020: $108,9362020Revenue 2021: $428,169Expenses 2021: $224,333Net Income 2021: $203,8362021Revenue 2022: $831,488Expenses 2022: $1,184,077Net Income 2022: -$352,5892022Revenue 2024: $187,073Expenses 2024: $23,213Net Income 2024: $163,8602024

Highlighted filing

2022

Revenue$831,488
Expenses$1,184,077
Net Income-$352,589
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Oct 25, 2023
Return Version
2022v5.0
Gross Receipts
$907,229
Mission and Program Overview

Mission

Mission statement:building houses, jobs, and community for those who have fought for the preservation of freedom and democracy for others.

Building houses, jobs, and community for those who have fought for the preservation of freedom and democracy for others. Herohomes is a 501(c)3 not for profit foundation established to build houses for those who have fought for the preservation of freedom and democracy for others. These deserving vets and their families cannot regain what they lost defending our country, but we can give them a new start in building a solid foundation for their future and the dignity of an independent life in a wonderful small town community setting. We provide the opportunity for disabled veterans to rejoin society with the security and pride of home ownership. Fundraising began in 2015 to fund the purchase of land and construction on the first home for a disabled veteran was started in 2016. One home was donated to a disabled veteran in 2017, one in 2018, one in 2019, one in 2021, and one in 2022.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$840,048$487,459▼ $352,589
Cash and Non-Interest-Bearing Accounts$375,463$245,820▼ $129,643
Investments Other Securities-$4,800-
Intangible Assets$3,141$2,809▼ $332
Land, Buildings, and Equipment, Net$3,465$1,779▼ $1,686
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$840,048$487,459▼ $352,589
Other Assets Total$457,979$232,251▼ $225,728
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$840,048$487,459▼ $352,589
Total Liabilities and Net Assets / Fund Balance$840,048$487,459▼ $352,589

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$92$8,882$8,974
Other Land Buildings$1,687$4,170$5,857
Other Assets Org$232,251--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew LowersPresident
Bryan SnowDirector
Jason BrownellDirector
Kim TromblyDirector
Steve GaittenDirector
Kim ValentineSecretary
Mike HummelTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$738,930
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$92,558
All Other Contributions
$738,930
Change in Net Assets
$-352,589

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table30$592,938Amount Charged for S
Total Noncash Contributions30$592,938-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,184,077
Total Fundraising Expense$1,283
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Accounting$1,250$1,250-$2,500
Fees for Services Legal$2,055--$2,055
Depreciation Depletion$1,686$333-$2,019
All Other Expenses$799$99-$898
Other Expenses$1,225$854$835$835
Insurance$698--$698
Advertising--$448$448
Office Expenses-$3-$3
Total Functional Expenses$1,180,255$2,539$1,283$1,184,077
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$168,299
Fundraising Direct Expenses$75,741
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$88,595$88,595$25,970$62,625
Casino Night$73,717$73,717$27,517$46,200
Total Events$168,299$168,299$75,741$92,558
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

A draft of form 990 was provided to the organizations governing body for approval before filing.

Form 990, Part VI, Section B, Line 12C

The president and vice president are authorized to approve all expenditures and contractual agreements to ensure there are no conflicts of interest. If any conflicts arise, they will be brought to the attention of the board of directors at regular board meetings.

Form 990, Part VI, Section B, Line 15

No compensation paid to ceo, executive director and top management.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy, financial statements, and tax returns are available on request. The goal is to publish these documents on the web-site.

Filing and Contact Details

Filer

Filer Name
Herohomes Inc
EIN
47-4332276
Phone
7032979135
Address
125 HIRST ROAD SUITE 3C, PURCELLVILLE, VA 20132

Signing Officer

Name
Matt Lowers
Title
President
Phone
7032979135
Signed
2023-10-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Lowers
Formed
2015
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Hudimac & Ambrogi Pllc
Address
192 N 21ST STREET SUITE 300, PURCELLVILLE, VA 20132
Preparer
Anthony E Hudimac CPA
Phone
5403381241
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0BUILDING HOUSES, JOBS, AND COMMUNITY FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. HEROHOMES IS A 501(C)3 NOT FOR PROFIT FOUNDATION ESTABLISHED TO BUILD HOUSES FOR THOSE WHO HAVE FOUGHT FOR THE PRESERVATION OF FREEDOM AND DEMOCRACY FOR OTHERS. THESE DESERVING VETS AND THEIR FAMILIES CANNOT REGAIN WHAT THEY LOST DEFENDING OUR COUNTRY, BUT WE CAN GIVE THEM A NEW START IN BUILDING A SOLID FOUNDATION FOR THEIR FUTURE AND THE DIGNITY OF AN INDEPENDENT LIFE IN A WONDERFUL SMALL TOWN COMMUNITY SETTING. WE PROVIDE THE OPPORTUNITY FOR DISABLED VETERANS TO REJOIN SOCIETY WITH THE SECURITY AND PRIDE OF HOME OWNERSHIP. FUNDRAISING BEGAN IN 2015 TO FUND THE PURCHASE OF LAND AND CONSTRUCTION ON THE FIRST HOME FOR A DISABLED VETERAN WAS STARTED IN 2016. ONE HOME WAS DONATED TO A DISABLED VETERAN IN 2017, ONE IN 2018, ONE IN 2019, ONE IN 2021, AND ONE IN 2022.
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt04170
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05857
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01779
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0232251
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt075741
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0CASINO NIGHT
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt021379
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt021379
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt088595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt073717
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt05987
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0168299
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt088595
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt073717
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt05987
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0168299
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt092558
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt0875
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt054362
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt025970
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt027517
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt01
IRS990ScheduleG/SupplementalInformationDetail/ExplanationTxt0NO PAID FUNDRAISERS
IRS990ScheduleG/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE G, PART I, LINE 2B, COLUMN (V)
IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
IRS990ScheduleM/OtherNonCashContriTableGrp/ContributionCnt030
IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0CONSTUCTION SERVICES AND MATERIALS
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0AMOUNT CHARGED FOR S
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0592938
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A DRAFT OF FORM 990 WAS PROVIDED TO THE ORGANIZATIONS GOVERNING BODY FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE PRESIDENT AND VICE PRESIDENT ARE AUTHORIZED TO APPROVE ALL EXPENDITURES AND CONTRACTUAL AGREEMENTS TO ENSURE THERE ARE NO CONFLICTS OF INTEREST. IF ANY CONFLICTS ARISE, THEY WILL BE BROUGHT TO THE ATTENTION OF THE BOARD OF DIRECTORS AT REGULAR BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO COMPENSATION PAID TO CEO, EXECUTIVE DIRECTOR AND TOP MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ALL GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS, AND TAX RETURNS ARE AVAILABLE ON REQUEST. THE GOAL IS TO PUBLISH THESE DOCUMENTS ON THE WEB-SITE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0VA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0840048
IRS990/TotalAssetsEOYAmt0487459
IRS990/TotalAssetsGrp/BOYAmt0840048
IRS990/TotalAssetsGrp/EOYAmt0487459
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0738930
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt01283
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt02539
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01180255
IRS990/TotalFunctionalExpensesGrp/TotalAmt01184077
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0840048
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0487459
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01180255
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt092558
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0831488
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0840048
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0487459
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0125 HIRST ROAD SUITE 3C
IRS990/USAddress/CityNm0PURCELLVILLE
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd020132
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WWW.HEROHOMESLOUDOUN.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MATT LOWERS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum07032979135
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-10-25
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HEROHOMES INC
ReturnHeader/Filer/BusinessNameControlTxt0HERO
ReturnHeader/Filer/EIN0474332276
ReturnHeader/Filer/PhoneNum07032979135
ReturnHeader/Filer/USAddress/AddressLine1Txt0125 HIRST ROAD SUITE 3C
ReturnHeader/Filer/USAddress/CityNm0PURCELLVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd020132
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0273213717
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0HUDIMAC & AMBROGI PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0192 N 21ST STREET SUITE 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PURCELLVILLE
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd020132
ReturnHeader/PreparerPersonGrp/PhoneNum05403381241
ReturnHeader/PreparerPersonGrp/PreparationDt02023-10-25
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANTHONY E HUDIMAC CPA
ReturnHeader/ReturnTs02023-10-25T12:26:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MATT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0LOWERS
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

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